Exhibit 99.5

Aug-2003

1998-A

Page 1

MONTHLY STATEMENT TO CERTIFICATEHOLDERS

SERIES 1998-A

CC MASTER CREDIT CARD TRUST II

(Formerly Chevy Chase Master Credit Card Trust II)

RECEIVABLES

Beginning of the Month Principal Receivables:	$	2,357,181,494.88
Beginning of the Month Finance Charge Receivables:	$	105,282,988.16
Beginning of the Month Discounted Receivables:	$	0.00
Beginning of the Month Total Receivables:	$	2,462,464,483.04

Removed Principal Receivables:	$	118,441.62
Removed Finance Charge Receivables:	$	2,332.83
Removed Total Receivables:	$	120,774.45

Additional Principal Receivables:	$	0.00
Additional Finance Charge Receivables:	$	0.00
Additional Total Receivables:	$	0.00

Discounted Receivables Generated this Period:	$	0.00

End of the Month Principal Receivables:	$	2,316,944,372.04
End of the Month Finance Charge Receivables:	$	102,272,943.02
End of the Month Discounted Receivables:	$	0.00
End of the Month Total Receivables:	$	2,419,217,315.06

Special Funding Account Balance	$	0.00
Aggregate Adjusted Invested Amount (all Master Trust II Series)	$	193,333,333.35
End of the Month Transferor Amount	$	2,123,611,038.69
End of the Month Transferor Percentage		91.66	%
DELINQUENCIES AND LOSSES

End of the Month Delinquencies:

30-59 Days Delinquent	$	49,008,020.64
60-89 Days Delinquent	$	37,504,088.96
90+ Days Delinquent	$	83,368,978.52
Total 30+ Days Delinquent	$	169,881,088.12
Delinquent Percentage		7.02	%

Defaulted Accounts During the Month	$	15,569,172.96
Annualized Default Percentage		7.95	%

Aug-2003

1998-A

Page 2

Principal Collections	$	303,000,546.16
Principal Payment Rate		12.85	%
Total Payment Rate		13.67	%

INVESTED AMOUNTS

Class A Initial Invested Amount	$	370,500,000.00
Class B Initial Invested Amount	$	57,000,000.00
Class C Initial Invested Amount	$	47,500,000.00


INITIAL INVESTED AMOUNT	$	475,000,000.00

Class A Invested Amount	$	0.00
Class B Invested Amount	$	0.00
Class C Invested Amount	$	0.00


INVESTED AMOUNT	$	0.00

Class A Adjusted Invested Amount	$	0.00
Class B Adjusted Invested Amount	$	0.00
Class C Adjusted Invested Amount	$	0.00

ADJUSTED INVESTED AMOUNT	$	0.00

PREFUNDED AMOUNT	$	0.00

FLOATING ALLOCATION PERCENTAGE		2.55	%
PRINCIPAL ALLOCATION PERCENTAGE		25.52	%

Class A Principal Allocation Percentage		78.00	%
Class B Principal Allocation Percentage		12.00	%
Class C Principal Allocation Percentage		10.00	%

COLLECTIONS OF PRINCIPAL RECEIVABLES DURING THE MONTHLY PERIOD ALLOCATED TO SERIES 1998-A	$	77,341,777.81

COLLECTIONS OF FINANCE CHARGE RECEIVABLES DURING THE MONTHLY PERIOD ALLOCATED TO SERIES 1998-A	$	853,557.80

MONTHLY SERVICING FEE	$	37,500.00

INVESTOR DEFAULT AMOUNT	$	397,915.28

Aug-2003

1998-A

Page 3

CLASS A AVAILABLE FUNDS

CLASS A FLOATING ALLOCATION PERCENTAGE	0.00	%

Class A Finance Charge Collections	$0.00
Other Amounts	$0.00

TOTAL CLASS A AVAILABLE FUNDS	$0.00

Class A Monthly Interest	$0.00
Class A Servicing Fee	$0.00
Class A Investor Default Amount	$0.00

TOTAL CLASS A EXCESS SPREAD	$0.00

CLASS A REQUIRED AMOUNT	$0.00

CLASS B AVAILABLE FUNDS

CLASS B FLOATING ALLOCATION PERCENTAGE	0.00	%

Class B Finance Charge Collections	$0.00
Other Amounts	$0.00

TOTAL CLASS B AVAILABLE FUNDS	$0.00

Class B Monthly Interest	$0.00
Class B Servicing Fee	$0.00

TOTAL CLASS B EXCESS SPREAD	$0.00

CLASS B INVESTOR DEFAULT AMOUNT	$0.00

CLASS B REQUIRED AMOUNT	$0.00

CLASS C FLOATING ALLOCATION PERCENTAGE	100.00	%

CLASS C MONTHLY SERVICING FEE	$37,500.00

Aug-2003

1998-A

Page 4

EXCESS SPREAD

TOTAL EXCESS SPREAD		$945,566.14

Excess Spread Applied to Class A Required Amount		$0.00

Excess Spread Applied to Class A Investor Charge Offs		$0.00

Excess Spread Applied to Class B Required Amount		$0.00

Excess Spread Applied to Reductions of Class B Invested Amount		$0.00

Excess Spread Applied to Class C Required Amount		$506,931.95

Excess Spread Applied to Reductions of Class C Invested Amount		$0.00

Excess Spread Applied to Monthly Cash Collateral Fee		$6,250.00

Excess Spread Applied to Cash Collateral Account		$0.00

Excess Spread Applied to Spread Account		$0.00

Excess Spread Applied to Reserve Account		$40,083.85

Excess Spread Applied to other amounts owed to Cash Collateral Depositor		$0.00

Excess Spread Applied to other amounts owed to Spread Account Residual Interest Holders		$0.00

TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE FOR GROUP I		$392,300.34

Aug-2003

1998-A

Page 5


EXCESS FINANCE CHARGE COLLECTIONS—GROUP I

TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES IN GROUP I	$	1,704,023.70

SERIES 1998-A EXCESS FINANCE CHARGE COLLECTIONS

EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO SERIES 1998-A	$	0.00

Excess Finance Charge Collections applied to Class A Required Amount	$	0.00

Excess Finance Charge Collections applied to Class A Investor Charge Offs	$	0.00

Excess Finance Charge Collections applied to Class B Required Amount	$	0.00

Excess Finance Charge Collections applied to Reductions of Class B Invested Amount	$	0.00

Excess Finance Charge Collections applied to Class C Required Amount	$	0.00

Excess Finance Charge Collections applied to Reductions of Class C Invested Amount	$	0.00

Excess Finance Charge Collections applied to Monthly Cash Collateral Fee	$	0.00

Excess Finance Charge Collections applied to other amounts owed Cash Collateral Depositor	$	0.00

Excess Finance Charge Collections applied to other amounts owed to Spread Account Residual Interest Holders	$	0.00

YIELD AND BASE RATE

Base Rate (Current Month)		4.11	%
Base Rate (Prior Month)		4.11	%
Base Rate (Two Months Ago)		3.85	%


THREE MONTH AVERAGE BASE RATE		4.02	%

Portfolio Yield (Current Month)		11.70	%
Portfolio Yield (Prior Month)		7.35	%
Portfolio Yield (Two Months Ago)		11.03	%


THREE MONTH AVERAGE PORTFOLIO YIELD		10.03	%

Aug-2003		1998-A		Page 6

PRINCIPAL COLLECTIONS

TOTAL PRINCIPAL COLLECTIONS		$77,341,777.81

INVESTOR DEFAULT AMOUNT		$397,915.28

REALLOCATED PRINCIPAL COLLECTIONS
Allocable to Class C Interests		$0.00
Allocable to Class B Certificates		$0.00

SHARED PRINCIPAL COLLECTIONS ALLOCABLE
FROM OTHER SERIES		$0.00

CLASS A SCHEDULED ACCUMULATION —
Controlled Accumulation Amount		$0.00
Deficit Controlled Accumulation Amount		$0.00
CONTROLLED DEPOSIT AMOUNT		$0.00

CLASS B SCHEDULED ACCUMULATION —
Controlled Accumulation Amount		$0.00
Deficit Controlled Accumulation Amount		$0.00
CONTROLLED DEPOSIT AMOUNT		$0.00

EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR
PRINCIPAL SHARING		$47,739,693.09

INVESTOR CHARGE OFFS

CLASS A INVESTOR CHARGE OFFS		$0.00
CLASS B INVESTOR CHARGE OFFS		$0.00
CLASS C INVESTOR CHARGE OFFS		$0.00

PREVIOUS CLASS A CHARGE OFFS REIMBURSED		$0.00
PREVIOUS CLASS B REDUCTIONS REIMBURSED		$0.00
PREVIOUS CLASS C REDUCTIONS REIMBURSED		$0.00

CASH COLLATERAL ACCOUNT
Required Cash Collateral Amount		$0.00
Available Cash Collateral Amount		$6,000,000.00

TOTAL DRAW AMOUNT		$0.00
CASH COLLATERAL ACCOUNT SURPLUS		$6,000,000.00

Bank One, Delaware, National Association (Formerly First USA Bank, National Association) as Servicer

By:

/s/ JEFFREY T. RIGG

Jeffrey T. Rigg

Senior Vice President

CC MASTER CREDIT CARD TRUST II 8-K